F. Duane Ackerman

DEFINITION of 'F. Duane Ackerman'

The former CEO of BellSouth from 1997 to 2006 and chairman from 1998 to 2006. F. Duane Ackerman led the company through the deregulation of the telephone industry, helped it expand its international presence and oversaw its 2006 merger with AT&T.

BREAKING DOWN 'F. Duane Ackerman'

Ackerman joined the company in the customer service department in 1964. Born in Florida in 1942, he earned his MBA from the Massachusetts Institute of Technology. Ackerman has also served as a member of the board for Allstate, the United Parcel Service and Home Depot.


Atlanta-based BellSouth became a part of AT&T after a merger in late 2006 and stopped doing business as BellSouth in mid 2007. It was one of the "Baby Bells" formed after the 1984 breakup of AT&T forced by the U.S. Justice Department's antitrust lawsuit.

RELATED TERMS
  1. Baby Bells

    A common nickname given to the U.S. regional telephone companies ...
  2. C. Michael Armstrong

    A former CEO and chairman of AT&T from 1997 until he resigned ...
  3. Deregulation

    The reduction or elimination of government power in a particular ...
  4. E. Linn Draper Jr.

    A former chairman, CEO and president of Ohio-based public utility ...
  5. Phil Condit

    A former CEO and chairman of Boeing. Condit is best known for ...
  6. Telephone Bond

    Bonds issued by telephone companies, or obligations of issuers ...
Related Articles
  1. Fundamental Analysis

    A Closer Look at AT&T

    AT&T has come a long way since 1885. We look at its strategic direction, challenges and recent performance.
  2. Stock Analysis

    If You Had Invested Right After AT&T's IPO (T)

    Analyze how AT&T stock has performed after the company's 1984 IPO, and learn how you would have fared had you been an early investor.
  3. Personal Finance

    Antitrust Defined

    Check out the history and reasons behind antitrust laws, as well as the arguments over them.
  4. Investing News

    AT&T Price Target Raised at Jefferies (T)

    AT&T, which has seen its share price rise 12% year to date, still offers some appeal for value seekers even with this outperformance.
  5. Economics

    What Happens in Deregulation?

    Deregulation is the removal of government oversight in a particular industry, market or economy.
  6. Stock Analysis

    AT&T's 3 Key Financial Ratios

    Understand how operating cash flow and debt usage are closely related to A&T's business, and why cash efficiency matters the most for debt leverage.
  7. Investing News

    AT&T Stock to Trade Ex-Dividend (T)

    AT&T will send its dividend payment on May 2 to shareholders of record as of April 8.
  8. Investing News

    AT&T Stock Nears 52-Week High Ahead of Earnings (T)

    AT&T's dependable dividend, which yields more than 5% annually, remains one of the reasons for its attractiveness.
  9. Investing

    AT&T Stock: Analyzing 5 Key Suppliers (T)

    Learn about AT&T, and discover the companies that are its key suppliers and obtain a brief description and analysis of each company.
  10. Investing News

    AT&T Revenue Boosted By DirecTV, Misses Estimates (T)

    While the Street will focus on the near-term hiccups, causing the earnings and revenue miss, AT&T appears on sound footing to deliver long-term value.
RELATED FAQS
  1. Why is the 1982 AT&T breakup considered one of the most successful spinoffs in history?

    AT&T had a history reaching back to 1885 and, as a government-supported monopoly, was a highly profitable company. Colloquially ... Read Answer >>
  2. What is a baby bell?

    In 1982, AT&T agreed to settle the Justice Department's anti-trust action by breaking itself into seven Regional Bell ... Read Answer >>
  3. Are acquisitions only for large companies?

    Learn how mergers and acquisitions, despite what the media portrays, actually take place more often among small companies ... Read Answer >>
  4. Has deregulation helped or hurt the profitability of companies in the telecommunications ...

    Read about the impact of deregulation on the U.S. telecommunications sector, particularly with regards to the profits of ... Read Answer >>
  5. How long does it take for a merger to go through?

    Corporate mergers and acquisitions can vary considerably in the time they take to be completed. There are a number of individual ... Read Answer >>
  6. Why are the terms 'merger' and 'acquisition' always used together if they describe ...

    Learn about mergers and acquisitions and how these two corporate actions differ based on the size and participation of the ... Read Answer >>
Hot Definitions
  1. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  2. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  3. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  4. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
  5. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
  6. Treasury Inflation Protected Securities - TIPS

    A treasury security that is indexed to inflation in order to protect investors from the negative effects of inflation. TIPS ...
Trading Center